New Step by Step Map For 922 loans

New Step by Step Map For 922 loans

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It is declared being the policy on the Congress that satisfactory phone services be designed usually readily available in rural parts through the improvement and growth of present telephone facilities and the development and operation of these types of added facilities as are necessary to guarantee The supply of adequate phone assistance on the widest practicable quantity of rural consumers of these types of services.

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Other than as furnished or else in this chapter, the expression "rural spot" indicates the farm and nonfarm populace of—

(one) provides eligible broadband services to, inside the proposed eligible services location described in the appliance submitted via the eligible entity—

§926. Selected rural development investments by certified telephone borrowers not handled as dividends or distributions

(1) the amount of apps gained and accepted, like any Specific mortgage phrases or situations for which the Secretary offered extra guidance to unserved regions;

The borrower shall pay the payment demanded below this part at some time the existing guarantee is extended by generating a payment in the level of the required payment.

Except as offered in subsection (b), the Secretary shall look at any part of a assistance territory that is definitely subject matter to An impressive grant arrangement amongst the Secretary and also a broadband company to get unserved to the reasons of all broadband help applications beneath this chapter, When the broadband services in that part of a support territory is lower than ten Mbps downstream transmission ability or under one Mbps upstream transmission ability.

Approved monetary transactions; interim notes; invest in of obligations for more info resale; sale of notes and certificates; liens.

"(2) may not involve any rural utility That could be a borrower of loans matter to section 306A to make unreasonable reductions in premiums to its buyers like a condition of these types of prepayment."

Other than as presented in subparagraph (D), the Secretary may not come up with a bank loan below this paragraph to an applicant for the goal of furnishing or strengthening electric company into a consumer located in an city spot (as defined because of the Bureau in the Census) if the standard variety of consumers for each mile of line of the full electric process from the applicant exceeds 17.

A borrower of a mortgage made by the Federal Funding Bank and assured beneath portion 936 of the title may possibly, at the option with the borrower, refinance or prepay the loan or an advance within the mortgage, or any percentage of the financial loan or advance.

(one) in evaluating the feasibility of a phone personal loan for being built to a borrower for telephone expert services, use—

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